Bouvet Stockholm AB entered into a purchase agreement to acquire Consultants in Business Engineering and Research Sweden AB (Ciber Sweden) from Ciber, Inc. for $1 million.
September 18, 2016
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Bouvet Stockholm AB entered into a purchase agreement to acquire assets of Consultants in Business Engineering and Research Sweden AB (Ciber Sweden) from Ciber, Inc. (NYSE:CBR) for $1 million on September 19, 2016. The purchase price is subject to a purchase price adjustment on or prior to the closing with respect to the retention of certain Ciber Sweden consultants, which adjustment is capped at 15% of the purchase price. All 31 employees of Consultants in Business Engineering and Research Sweden AB will transition to Bouvet. Completion of the transaction is subject to customary closing conditions, including the performance of covenants and the satisfaction of certain other conditions and no material adverse change with respect to Ciber Sweden since the date of the Agreement, and other terms as set forth the agreement. The transaction is expected to close in the fourth quarter of 2016.
CMTSU Liquidation, Inc., formerly Ciber, Inc., is a global information technology (IT) services company. The Company operates in two segments: North America and International. Its Ciber International segment primarily consists of countries in Western Europe and the Nordic region. Its North America segment is organized into service offerings, which include Independent Software Vendor Relationships (ISV)/Channel Partner Platforms, Managed Services, Business Consulting, Application Development and Management/Staffing, and Software-as-a-Service. It provides project management, application and technical consulting, and database administration for both implementation projects and managed-services engagements. It also provides a solution, Ciber Compliance Suite, which helps SAP customers monitor the usage of their SAP systems. Its business consulting offering helps clients manage their business by offering expertise in IT strategy, enterprise architecture and vertical business processes.
Bouvet Stockholm AB entered into a purchase agreement to acquire Consultants in Business Engineering and Research Sweden AB (Ciber Sweden) from Ciber, Inc. for $1 million.
CMTSU LIQUIDATION, INC. 